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Other People's Money explores the conflict between the interests of the stockholders and those of the owners of New England Wire and Cable, a small manufacturing company located in Rhode Island. Thanks to years of frugal ownership by Andrew Jorgenson (William Cain), the son of the company's founder, Wire and Cable has no debt and undervalued stock. These assets attract the attention of Lawrence Garfinkle (Jack Willis), a New York corporate raider nicknamed "Larry the Liquidator." Garfinkle wants to buy large chunks of stock, drive up the price of each share, then deep-six the company and sell...

Author: By Adam E. Pachter, | Title: Other People's Money: Tales of the Street | 9/20/1991 | See Source »

...pace of this production never flags. David Rotondo's set nicely blends the amicable clutter of the New England Wire and Cable with the shiny paneling of Garfinkel's New York office, allowing the characters to ignore time and space as they travel between New York and Rhode Island...

Author: By Adam E. Pachter, | Title: Other People's Money: Tales of the Street | 9/20/1991 | See Source »

Harvard jogged onto the spongy, disadvantageous turf of Northeastern's Parsons Field after routinely beating a weaker University of Rhode Island squad 2-0 on Saturday. The little extra seasoning helped the Huskies grab a 3-0 victory...

Author: By Joanne Nelson, | Title: Huskies Blank Stickwomen | 9/19/1991 | See Source »

...enough when some 300,000 Rhode Island bank customers discovered last Jan. 1 that they were cut off from their money. Democratic Governor Bruce Sundlun had closed down 45 banks and credit unions following the collapse of the Rhode Island Share and Deposit Indemnity Corporation, which backed up deposits. Eight months later, legions of penny-pressed retirees and other average customers are still unable to get at some $1.2 billion in deposits. But what proved to be too much was the disclosure last week that 14 businessmen, government officials and bank executives, acting on inside information that RISDIC...

Author: /time Magazine | Title: Investigations: Breaking the Bank | 9/16/1991 | See Source »

...RISDIC insiders abused their position for personal benefit at the expense of the depositor," said the chairman of a state commission investigating the disaster. If the 14 do not return the money, the panel recommended court action against them. The revelations are only likely to fuel the fury of Rhode Island's put-upon depositors. A local consumer activist is calling for Sundlun's resignation if all frozen funds are not defrosted by Dec. 31, the anniversary of RISDIC's fall...

Author: /time Magazine | Title: Investigations: Breaking the Bank | 9/16/1991 | See Source »

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